SPDR GOLD SHARES SHORT

GLD has left some good gaps behind that may or may not be filled in the short term, but it definitely has to fill those gaps within 2016-17 timeframe. There is a lot of Brexit, Turkey, ISIS etc wall of worry along with the hope that Trump will reduce the massive deficit. IF the deficit / borrowing gets down, USD might rise, and this might take GLD down automatically. If Hillary comes and continues to be a spender like Obama to show it is fixing the house and digging a hole in the basement, then USD will go down, and GLD will rise as a result. So, we have to wait and see the picture forming after the DNC, although very very short term, I agree with your chart analysis.